Agreement In Hire Purchase


If the buyer has the right to terminate, by legal means, the service contract concluded for the execution of current/recurring transactions, the buyer is obliged to continue payment for the services provided before the cancellation, however, after the termination of the contract, he is not obliged to pay for services that have not yet been provided by the seller and has the right to demand from the Factor (as the seller`s representative) the cancellation of the last credit refunds that must be paid in accordance with the contract and the payment list corresponding to the value of the services not yet provided, deducting the costs incurred by the seller for the provision of the service. The cost of a lease is the difference between the cash price of the leased property and the full rental price. If the cash price of a car is € 12,000 and the rental price is € 17,000, the rental fee is € 5,000, that is, the additional costs related to renting (and perhaps owning) the car for a set period of time, instead of buying it directly in cash. As part of a lease purchase plan, the consumer is required to properly maintain the rented goods. . . .

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